For the first and second quarters of 2016, Ferrexpo plc, which belongs to MP Konstantin Zhevago (Read more: KONSTANTIN ZHEVAGO. THE RISES AND FALLS OF A DOLLAR BILLIONAIRE) and operates the Poltava Mining and Processing Plant, reduced its net profit by 33% or $38,37 million.
In the first half of 2016, compared to the same quarter last year, the Zhevago company also reduced its total revenue by 10,54% or $53,96 million.
EBITDA (an indicator equal to the volume of profit received before deducting expenses for taxes, interest, and accrued depreciation) for the first quarter of 2016 compared to the first quarter of 2015 decreased by $16 million, which is approximately 9%. Last year, compared to 2014, Ferrexpo plc reduced its profit by 82,9%, or by $152,382 million.
Read more: KONSTANTIN ZHEVAGO. THE RISES AND FALLS OF A DOLLAR BILLIONAIRE
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